{"id":119525,"date":"2017-04-12T07:41:18","date_gmt":"2017-04-12T12:41:18","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=119525"},"modified":"2017-04-12T09:15:04","modified_gmt":"2017-04-12T14:15:04","slug":"board-of-equalization-approves-value-increases","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=119525","title":{"rendered":"Board of Equalization approves value increases"},"content":{"rendered":"<div class=\"node-body\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-92015\" src=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2016\/01\/AffordableHouse2-300x202.jpg\" alt=\"\" width=\"300\" height=\"202\" srcset=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2016\/01\/AffordableHouse2-300x202.jpg 300w, http:\/\/csinewsnow.com\/wp-content\/uploads\/2016\/01\/AffordableHouse2-259x175.jpg 259w, http:\/\/csinewsnow.com\/wp-content\/uploads\/2016\/01\/AffordableHouse2.jpg 445w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Jamestown\u00a0 (CSi)\u00a0 The\u00a0 Jamestown City Board of Equalization, has approved increases to the values used to calculate property taxes.<\/p>\n<p>No residents commented on property values during the meeting.<\/p>\n<\/div>\n<div class=\"p402_premium\">\n<div class=\"node-body\">\n<p>City Assessor, Jamison Veil,\u00a0 requested a four percent increase in the value of residential property and a 5 percent increase in valuation of commercial property and vacant lots. The increases are applied\u00a0 to all properties that were not specifically assessed in the last year.<\/p>\n<div id=\"article-sidebar-ad\" data-google-query-id=\"CM-G9O_2ntMCFUlGDAodmwEJ9g\"><\/div>\n<p>He said the adjustments are\u00a0 due to the sales ratio for the year.<\/p>\n<p>In 2016, residential properties were increased by 7 percent and commercial properties by 3 percent for the same reasons.<\/p>\n<p>Veil said the average sale price of a single-family home in Jamestown increased to about $168,000 during the past year compared to less than $160,000 in 2015. The city assessor&#8217;s office used about 200 property sales to establish the sales ratio for Jamestown.<\/p>\n<p>Veil said property taxes are also\u00a0 on\u00a0 budgets set by the county, city, school district and other agencies. If the budgets remain the same or decrease while the tax base increases, the property tax rate could fall and result in smaller property tax bills.<\/p>\n<p>&nbsp;<\/p>\n<p>The valuations set by the city are submitted to the Stutsman County Commission for inclusion in its Board of Equalization meeting in July before review by the North Dakota Board of Equalization in August.\u00a0 Taxes will be calculated after the local governments establish budgets for the 2018 year in October.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jamestown\u00a0 (CSi)\u00a0 The\u00a0 Jamestown City Board of Equalization, has approved increases to the values used to calculate property taxes. No residents commented on property values during the meeting. City Assessor, Jamison Veil,\u00a0 requested a four percent increase in the value of residential property and a 5 percent increase in valuation [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":92016,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-119525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jamestown"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/119525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119525"}],"version-history":[{"count":2,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/119525\/revisions"}],"predecessor-version":[{"id":119537,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/119525\/revisions\/119537"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/92016"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119525"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}